At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

Natural gas futures were unusually quiet on Thursday, bobbing in and out of positive territory as the latest government inventory data offered no surprises and moved the needle only slightly on storage deficits. The September Nymex gas futures settled at $9.375/MMBtu, up 4.5 cents from Wednesday’s close. October futures ticked up 4.4 cents to $9.344.

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Spot gas prices were mixed amid pockets of lingering heat in some regions and heavy rains in others. NGI’s Spot Gas National Avg. slipped 8.0 cents to $8.855.

After news earlier in the week that Freeport LNG would delay by one month its potential restart, traders were looking to the latest storage data to gauge whether the...